Egypt stocks start week 0.5% higher

Egypt’s stock market edged higher Sunday posting gains worth 556 million Egyptian pounds (US$69 million) on foreign investors’ buying appetite.

The market capitalization has recorded 459.687 billion pounds during the closing session of Sunday.

Indices

Egypt’s benchmark index, EGX30 went up 0.55 percent to 7653.14 points.

The newly-launched EGX50 EWI index increased 0.96 percent to 1298.18 points

EGX20 rose 1.27 percent to 7487.16 points.

In addition, the mid- and small-cap index EGX70 boosted 0.60 percent to 401.13 points. The price index, EGX100 grew 0.43 percent 864.57 points.

Turnovers humble

On Sunday, the bourse’s trading volume has hit 288.924 million securities, with turnovers closed at 559.664 million pounds, exchanged through 16,506 thousand transactions.

Also during the closing session, 165 listed securities have been traded in; 39 declined, 83 advanced; while 39 kept their previous levels.

Investors’ Activities

The non-Arab foreign investors were net buyers Sunday getting 4.89 percent of the total market, with a net equity of 26.340 million pounds, excluding the deals.

On the contrary, local and Arab investors were net sellers seizing 90.47 percent and 4.64 percent respectively of the total markets, with a net equity of 19.945 million pounds and 6.395 million pounds, respectively, excluding the deals.